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CGI Group Inc. (NYSE:GIB) target price raised to $50.00, issued a report today by Macquarie Research

Boasting a price of $48.15, CGI Group Inc. (NYSE:GIB) traded 0.71% higher on the day. With the last stock price close up 3.40% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. CGI Group Inc. has recorded a 50-day average of $48.42 and a two hundred day average of $46.57. Volume of trade was down over the average, with 27,209 shares of GIB changing hands under the typical 147,030

CGI Group Inc. (NYSE:GIB) had its target price raised to $50.00 by Macquarie Research in an issued report announced Tuesday September 27, 2016. The bumped up target suggests a potential upside of 0.04% from the company's most recent stock price close.

Recent Performance Chart

CGI Group Inc. (NYSE:GIB)

CGI Group Inc. has price-earnings ratio of 19.50 with a one year low of $34.84 and a 52 week high of $50.58 and has a market capitalization of $0.

In addition to Macquarie Research reporting its stock price target, a total of 16 brokers have issued a research note on GIB. The one year target is $47.05 with zero equity analysts rating the company a strong buy, twelve firms rating the stock a buy, 4 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 firms rating the stock a sell.

About CGI Group Inc. (NYSE:GIB)

CGI Group Inc (CGI) is a Canada-based company that provides information technology (IT) consulting, systems integration, IT outsourcing and business solutions. The Company's delivery model provides for work to be carried out onsite at client premises, or through its centers located globally. In addition, CGI has a range of business solutions, which helps its clients and shareholders. CGI has a range of business solutions, which helps its clients and shareholders. It includes Momentum, CGI Advantage and Credit Services Solutions. CGI offers its end-to-end services to a focused set of industry vertical markets, such as financial services, government, health, telecommunications and utilities and manufacturing, retail and distribution (MRD). The Company provides a full range of IT and management consulting services, including business transformation, IT strategic planning, business process engineering and systems architecture.

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